| |
 |
Tuesday, October 20, 2026 |
|
|
Mortgage Market Update
How much equity have you built?
One of the best parts of homeownership is that you're building wealth while you live there. This week, I want to walk you through how equity works and why it matters.
|
|
|
|
National Mortgage Rates · October 16, 2026
|
Conventional 30-Year
7.40%
|
|
| |
|
%22%2C%22fill%22%3Atrue%2C%22tension%22%3A0.4%2C%22pointRadius%22%3A4%2C%22pointBackgroundColor%22%3A%22%23050505%22%2C%22borderWidth%22%3A2%7D%5D%7D%2C%22options%22%3A%7B%22plugins%22%3A%7B%22legend%22%3A%7B%22display%22%3Afalse%7D%7D%2C%22scales%22%3A%7B%22y%22%3A%7B%22ticks%22%3A%7B%22callback%22%3A%22function(v)%7Breturn%20v%2B%5C%22%25%5C%22%7D%22%2C%22color%22%3A%22%23666%22%7D%2C%22grid%22%3A%7B%22color%22%3A%22rgba(0%2C0%2C0%2C0.06)%22%7D%7D%2C%22x%22%3A%7B%22grid%22%3A%7B%22display%22%3Afalse%7D%2C%22ticks%22%3A%7B%22font%22%3A%7B%22size%22%3A11%7D%2C%22color%22%3A%22%23666%22%7D%7D%7D%7D%7D&w=520&h=180&bkg=white&f=12) |
|
Source: Optimal Blue daily mortgage indices via FRED · Includes our pricing adjustment
Rates shown are national mortgage index rates plus our pricing adjustment, and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
|
| | |
|
Equity Building
You're building wealth every month—here's how
Every mortgage payment you make does two things: it covers interest to your lender, and it builds equity in your home. Equity is the difference between what your home is worth and what you owe. Over time, as you pay down your loan, that number grows. Some borrowers don't realize how much equity they've already built, or how they can tap into it when they need cash for repairs, education, or other goals. If you've owned your home for a few years, you might be surprised. I'd love to show you where you stand and talk through your options—whether that's a cash-out refinance, a home equity line, or just understanding your position better.
|
|
Tip of the Week
Your loan officer can run a credit simulator to show exactly which actions will move your score the most.
|
|
Tips for Homeowners
Year-End Tax & Mortgage Planning
|
|
1.
|
Consider making your January mortgage payment in December to get an extra month of deductible interest in the current tax year (consult your tax advisor first).
|
|
2.
|
If you plan to sell next year, now is a good time to document improvements — receipts and records add to your cost basis and reduce taxable capital gain at sale.
|
|
3.
|
Review your W-4 withholding if you bought a home this year — your mortgage interest deduction may mean you're having too much withheld from each paycheck.
|
|
|
|
Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Chris Laye team any time and we'll walk you through your options.
|
|
460 Shadowood Ct Roswell GA 30075
678-313-4879
Prime Property Lending · Unsubscribe
|
|
